Hyderabad’s Residential Market Sees Strong Growth: 7% Increase in Transactions and 20% Surge in Sales Value for July-September 2024

Hyderabad’s residential real estate market showed robust growth in the July-September 2024 quarter, with a 7% increase in transactions and a 20% rise in sales value. The city’s housing market remains strong, driven by rising demand for well-connected properties, especially near key IT hubs and the Outer Ring Road. Developers like Aparna Constructions and Prestige Group lead the charge in this expanding market.

Mumbai Sees Record Property Registration Revenue During Diwali Boom

In a remarkable display of market resilience, Mumbai’s property registrations hit a record high during the Diwali season, with October 2024 witnessing a revenue collection of ₹1,081 crore. This 52% increase over last year highlights a growing trend towards higher-ticket home sales, as the city embraces a festive boom in real estate activity.

Indian Real Estate Developers Raise Rs 12,801 Cr Through QIPs in 2024

In a notable shift post-pandemic, Indian real estate developers have successfully raised INR 12,801 crore through Qualified Institutional Placements in 2024. This surge is attributed to enhanced transparency and a robust recovery in residential sales, with significant contributions from leading firms like Macrotech Developers. As the market continues to grow, investor confidence remains strong, positioning the sector for ongoing expansion.

Noida and Ahmedabad Lead Inventory Surge as Indian Real Estate Market Heats Up

As the festive season approaches, the Indian real estate market is witnessing a surge in residential supply, with Noida leading the way with a remarkable 50% increase. A recent report from Magicbricks indicates that overall residential inventory across 13 primary markets has risen by 12% in just one month, reflecting strong investor sentiment and heightened demand.

Repo Rate Unchanged – Housing Set for Festive Season

The Reserve Bank of India has kept the repo rate unchanged at 6.5%, a decision viewed as pivotal for the housing market during the upcoming festive season. With rising property prices and declining sales, this stability in borrowing costs is expected to encourage homebuyer activity and support the overall growth of the real estate sector.